Gold falls near 1950?
Updated
https://www.tradingview.com/x/Pu9JI2cC/
Judging from the 4-hour chart: Gold is currently at risk of a correction. The trend line of the 4-hour chart shows that gold is showing a downward correction trend.
Moreover, the current trend line of the 4-hour chart is currently falling step by step, which means that the high point of gold will only get lower and lower.
We use 123 to find 4 to judge. You can see that I also drew it in the picture.
If 1997 is regarded as point a, then today's low of 1965 is point b, then today's rebound high near 1982 is point c.
Then point d may appear near 1950.
So at present, I suggest that you should not chase gold. Instead, you should open a short gold position from 1978-82.
The lowest target below can be seen to be around 1950, and the stop loss does not need to be large, just above 1985.
Judging from the 4-hour chart: Gold is currently at risk of a correction. The trend line of the 4-hour chart shows that gold is showing a downward correction trend.
Moreover, the current trend line of the 4-hour chart is currently falling step by step, which means that the high point of gold will only get lower and lower.
We use 123 to find 4 to judge. You can see that I also drew it in the picture.
If 1997 is regarded as point a, then today's low of 1965 is point b, then today's rebound high near 1982 is point c.
Then point d may appear near 1950.
So at present, I suggest that you should not chase gold. Instead, you should open a short gold position from 1978-82.
The lowest target below can be seen to be around 1950, and the stop loss does not need to be large, just above 1985.
Trade active
Gold is slowly falling. Currently down to 1966. Our short order above 1978 made money.Trade active
Gold is currently testing 1965 support.Trade active
Currently patiently waiting for the declineTrade active
It has now fallen to 1953. It is very close to the 1950 price I gave. Once again we made huge profitsTrade active
Next, pay attention to the trend of the US gold market.Trade active
If the gold resistance level of 1972 has not been breached, you can continue to shortTrade active
Gold could continue to sell in 1970-1972. tp1955-1950.sl1978Trade active
US White House: President Joe Biden spoke with Saudi Crown Prince Mohammed bin Salman on Tuesday.US White House: President Joe Biden and the Saudi Crown Prince discussed ongoing diplomatic and military efforts to prevent the expansion of the Israel-Hamas conflict, and both sides agreed to maintain close coordination directly or through teams in the coming period.
Trade active
When trading gold right now, you need to pay attention to war dynamics.Trade active
If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possible.Trade active
If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possibleTrade active
If you want more trading ideas and news. You can pay attention to my bottom area to get trading signals as soon as possible...Trade active
Gold continues to fall slowly. Wait patientlyTrade active
The current resistance for gold is at 1983Trade active
Gold is doing exactly what I said it would do right now..Trade active
Wait patiently
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.